EURUSD Technical Analysis 2014, 19.10 - 26.10: Ranging - page 2
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Press review
newdigital, 2014.10.23 12:38
2014-10-23 07:30 GMT (or 09:30 MQ MT5 time) | [EUR - German Flash Manufacturing PMI]if actual > forecast (or actual data) = good for currency (for EUR in our case)
[EUR - German Flash Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
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German Private Sector Growth Rises Marginally In October
Germany's private sector growth improved marginally in October, flash survey data from Markit Economics showed Thursday.
The composite output index rose to 54.3 in October from 54.1 in September. The private sector extended the current sequence of output growth to a year-and-a-half.
Manufacturing growth picked up in October, with the pace of expansion the fastest in three months. Meanwhile, services output grew at a slightly weaker, albeit still robust rate, data showed.
The manufacturing Purchasing Managers' index climbed unexpectedly to 51.8 in October from 49.9 a month ago. Economists had forecast the index to fall to 49.5.
But the services PMI fell more-than-expected to a 4-month low of 54.8, from 55.7 in September. The score was forecast to drop marginally to 55.
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EURUSD M5: 34 pips price movement by EUR - German Flash Manufacturing PMI news event
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newdigital, 2014.10.24 05:23
Video: Major Event Risk Can Move and Restrain EURUSD, USDJPY, GBPUSD (based on dailyfx article)
Normally, we look at event risk like a Fed rate decision and ECB stress test results as the fuel for trade setups. Yet, the influence of such high level events and data can dampen markets as readily as they motivate them. Looking ahead to next week's docket, there is a range of high profile risk - any one capable of changing the trend on their respective currency and a few even capable of turning the tide on global sentiment. We discuss how headline events can disrupt active and potential trade setups like those seen from S&P 500, EURUSD, USDJPY and others in today's Strategy Video.